Accenture Boosts FY21 Revenue, Earnings and Cash-Flow Guidance

By Allison Prang

Accenture PLC on Thursday raised its guidance for revenue, earnings, operating cash flow and free cash flow for fiscal 2021.

Accenture said it expects revenue to rise between 10% and 11% on a local currency basis. It was expecting it to rise between 6.5% and 8.5%.

It said it now expects earnings to be between $9.07 a share and $9.16 a share. It was expecting earnings to be between $8.67 a share and $8.85 a share. The company is expecting adjusted earnings to be between $8.71 a share and $8.80 a share. It had been expecting those to be between $8.32 a share and $8.50 a share.

Accenture said it expects operating cash flow to be between $8.65 billion and $9.15 billion. It was expecting between $7.65 billion and $8.15 billion. It expects between $8 billion and $8.5 billion in free cash flow. It was expecting between $7 billion and $7.5 billion.

The company is guiding for its operating margin to grow 40 basis points to 15.1%. It had been guiding for that margin to grow between 30 basis points to 40 basis points.

Accenture is expecting a between 23% and 24% annual effective tax rate. It was expecting that rate to be between 23% and 25%.

For the fourth quarter, the company expects between $13.1 billion and $13.5 billion in revenue. According to FactSet, analysts are expecting $12.55 billion.

Write to Allison Prang at [e-mail]

(END) Dow Jones Newswires

June 24, 2021 07:50 ET (11:50 GMT)

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